Visa Inc. (NYSE:V) Stock Holdings Decreased by Houlihan Financial Resource Group Ltd.

Houlihan Financial Resource Group Ltd. decreased its stake in Visa Inc. (NYSE:VFree Report) by 96.8% in the third quarter, Holdings Channel reports. The institutional investor owned 11,942 shares of the credit-card processor’s stock after selling 359,467 shares during the quarter. Visa makes up approximately 1.5% of Houlihan Financial Resource Group Ltd.’s holdings, making the stock its 25th largest position. Houlihan Financial Resource Group Ltd.’s holdings in Visa were worth $2,775,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC bought a new stake in Visa in the third quarter valued at about $25,000. West Tower Group LLC acquired a new position in shares of Visa during the second quarter worth approximately $30,000. Nalls Sherbakoff Group LLC boosted its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the last quarter. Financial Freedom LLC bought a new position in shares of Visa in the 4th quarter valued at about $32,000. Finally, FNY Investment Advisers LLC raised its position in shares of Visa by 227.7% during the 3rd quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock valued at $35,000 after acquiring an additional 107 shares during the last quarter. 81.35% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

NYSE:V traded down $1.93 on Monday, hitting $274.50. The stock had a trading volume of 887,956 shares, compared to its average volume of 5,435,978. The business’s 50-day simple moving average is $264.58 and its two-hundred day simple moving average is $249.42. Visa Inc. has a 52-week low of $208.76 and a 52-week high of $279.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $504.12 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $2.18 EPS. As a group, research analysts predict that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio is 23.94%.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Rajat Taneja sold 7,811 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total transaction of $1,977,510.87. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $58,763,795.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 97,472 shares of company stock worth $25,695,420 over the last quarter. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of several recent analyst reports. Raymond James lifted their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Mizuho raised their price objective on Visa from $243.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Monness Crespi & Hardt started coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. KeyCorp lifted their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, BMO Capital Markets started coverage on Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 target price for the company. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.55.

Get Our Latest Report on Visa

Visa Company Profile

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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